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Nzdcadforecast

SHORT TERM NZDCAD BUY As you can see, last week price closed strongly above a key reversal zone at around 0.87626 indicating it could be ready to push up further towards the 0.78 Fib level before we see that big swing lower we have been waiting for. Due to the strength this pair is showing me i am attempting to catch the continuation of the momentum up towards the descending trendline which is where i will be looking for sells. Bare in mind a big confirmation for this trade to be valid is that price must break above the 0.61 Fib level at 0.87990 if we are to see a rally up. SL: 50Pips TP1: 220Pips
Long
by DmushFX
NZD/CAD bears are going to break ascending channel💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. NZD/CAD has been inside ascending channel now for a while, but now price faces first major obstacle - weekly resistance line. We will wait for price to be outside of this channel before opening short positions. Let us know what you think about this idea. Trade safe !
Short
by UnknownUnicorn3249870
NZD/CAD Possible Short soon? await price actionhey traders, As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this would also create a double top confluence as well as being at a key resistance zone. If this set up plays out, i expect a pull back to the 0.5 fib region which also is around a good support area which is another confluence However, if price breaks the resistance thus making it support, we could then look for buy opportunities - await price action
Short
by TradewithDann
NZDCAD/ Sell Wyckoff & Institutional BiasNZDCAD has reached its D1 Mitigation zone on the body, looks like it could push up to the mitigation on the 50% of the Institutional candle. I've already made my first entries on that first green line and I'm looking to enter my other entries on the black line above. Another thing that confirms my sell is the wyckoff schematic . Price has reached its UTAD area which signals a major reversal and long time sell. The risk to reward ratio used here is very good (5:92) Use proper risk management and safe trading.
Short
by baadmahn
NZDCAD H1 SHORT PRICE ACTION FORECASTWith price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup. When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias. S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
Short
by OGFXTRADER
NZD/CAD beautiful example of Sideways ChannelLet's take a look at NZD/CAD 4H chart, what we can see there is a beautiful parallel channel. Price right now is rejected from strong support and now is heading back up to retest resistance line. We can enter trade now as we can see that the price has been bounced from support line on multiple timeframes. BUY @ 0.84157 TP1 - 0.84657 TP2 - 0.85157 SL - 0.83157 Please do us a favor and leave a like to this idea and follow our channel here and on Twitter as that will help us grow and bring more profitable signals to you ! :) Good luck !
Long
by UnknownUnicorn3249870
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